Republic of the Philippines

Province of La Union
Municipality of Luna
Barangay ALCALA

BALANCE SHEET
As of December 31, 2017
(With Comparative Figures for CY 2016)

2017 2016
Note
ASSETS

Current Assets
Cash (5) 1,615,751.46 1,201,712.99
Receivables (6) 8,346.50 8,346.50
Total Current Assets 1,624,097.96 1,210,059.49

Property, Plant and Equipment (net of depreciation (7)

Land and Land Improvements 549,674.78 549,674.78
Building 245,008.01 202,108.01
Office Equipment, Furniture and Fixtures 567,732.40 559,232.40
Machinery and Equipment 126,170.00 77,170.00
Transportation Equipment - -
Other Property, Plant and Equipment 98,349.00 98,349.00
Construction in Progress -Agency Asset - -
Total Property, Plant and Equipment 1,586,934.19 1,486,534.19

TOTAL ASSETS 3,211,032.15 2,696,593.68

LIABILITIES AND EQUITY

LIABILITIES

Current Liabilities (8) 1,232.38 1,232.38

TOTAL LIABILITIES 1,232.38 1,232.38

EQUITY
Government Equity 3,209,799.77 2,695,726.06

TOTAL EQUITY 3,209,799.77 2,695,726.06

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TOTAL LIABILITIES AND EQUITY 3,211,032.15 2,696,958.44

(See accompanying Notes to Financial Statements)

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 Republic of the Philippines
Province of La Union
Municipality of Luna
Barangay ALCALA

STATEMENT OF INCOME AND EXPENSES

For the Year Ended December 31, 2017
(With Comparative Figures for CY 2016)

2017 2016
Note
Income (9)
Local Taxes 43,506.26 37,837.63
Permits and Licenses - 3,250.00
Service Income 22,440.00 18,250.00
Subsidy Income - -
Internal Revenue Allotment 1,430,141.00 1,292,409.00
Other Income 3,000.00 -
Total Income 1,499,087.26 1,351,746.63

Less: Expenses (11)

Personal Services 657,549.00 594,130.00
Maintenance & Other Operating Expenses 328,099.79 316,758.33
Capital Outlay - -
Financial Expenses - -
Total Expenses 985,648.79 910,888.33
Net Operating Income 513,438.47 440,858.30

Add/(Deduct): Subsidy from NGAs - -

Subsidy from Other LGUs (10) 1,000.00 326,000.00
Subsidy to Other Funds - -

NET INCOME(LOSS) 514,438.47 766,858.30

(See accompanying Notes to Financial Statements)

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 Republic of the Philippines
Province of La Union
Municipality of Luna
Barangay ALCALA

CONSOLIDATED STATEMENT OF CHANGES IN GOVERNMENT EQUITY

For the Year Ended December 31, 2017
(With Comparative Figures for CY 2016)

2017 2016
Government Equity, Beginning Balance 2,695,726.06 1,928,867.76
Adjustment to Beginning Balance - -
Adjusted Beginning Balance 2,695,726.06 1,928,867.76
Add: Retained Operating Surplus
Current Operation 514,438.47 766,858.30
Prior Years' Adjustments - -
Transfer of PPE from Trust Fund - -
Less: Transfer to Registry
Public Infrastructures - -
Reforestation Projects - -
Prior Years' Adjustments (364.76) -
Government Equity, December 31 3,209,799.77 2,695,726.06

per BS ###
- 2,695,726.06
3,209,799.77 -

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 Republic of the Philippines
Province of La Union
Municipality of Luna
Barangay ALCALA

STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2017
(With Comparative Figures for CY 2016)

GENERAL FUND

Cash Flows from Operating Activities: 2017 2016

Cash Inflows:
Share from Internal Revenue Allotment 1,430,141.00 1,292,409.00
Collection from Taxpayers 43,506.26 37,837.63
Receipts from Sales of Goods and Services 22,440.00 21,500.00
Interest Income
Dividend Income
Other Receipts 4,000.00 326,000.00
Total Cash Inflows 1,500,087.26 1,677,746.63
Cash Outflows:
Payments to-
Suppliers/Creditors 8,434.48 16,332.38
Employees 657,549.00 594,130.00
Other Expenses 323,355.46 316,758.33
Total Cash Outflows 989,338.94 927,220.71
Cash provided by(Used in) 510,748.32 750,525.92
Cash Flows from Investing Activities:
Cash Outflows:
To Purchase Property, Plant and Equipment 96,709.85 175,519.00
To Construct Public Infrastructure
Total Cash Outflows 96,709.85 175,519.00
Cash provided by(Used in) (96,709.85) (175,519.00)

Net Cash Provided By (Used in) 414,038.47 575,006.92

Cash at the Beginning of the Period 1,201,712.99 626,706.07
Cash at the End of the Period 1,615,751.46 1,201,712.99

per BS (5) 1,201,712.99

1,615,756.46 -
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